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Page 225 Section IV.-German Property Inapun5 of 587
ARTICLE 29
The Japanese Government recognises the action taken (or to be taken) by the Supreme Commander for the Allied Powers in seizing and liquidating on behalf of the Governments of the United States of America, France and the United Kingdom of Great Britain and Northern Ireland, German owned assets in Japan and in placing the proceeds at the disposal of the Inter-Allied Reparation Agency in Brussels for allocation among Member Governments under the Final Act of the Paris Conference on Reparation dated 21st December, 1945.
Section V.--Debts
ARTICLE 30
1. Japan recognises that the intervention of the state of war does not affect the obligation to pay pecuniary debts arising out of obligations and contracts, including those in respect of bonds, which existed, and rights which were acquired, before the existence of a state of war and which are due by the Government or nationals of Japan to the Government or nationals of one of the Allied and Associated Powers.
2. Japan affirms its liability for the pre-war external debt of the Japanese State, and also for debts of other corporate bodies subsequently declared liabilities of the Japanese State, and expresses its intention to resume payments in respect of such debt. To this end the Japanese Government undertakes to enter on negotia- tions with its creditors at an early date. The Japanese Government further similarly undertakes to facilitate negotiations in respect of private debt and also to facilitate the transfer of sums due as a result of such indebtedness on the part of nationals of Japan towards the Government or nationals of any of the Allied and Associated Powers.
3. The provisions of the present Article shall not in any way affect the rights of the Allied and Associated Powers under Articles 27 and 28, nor shall the exercise of those rights affect Japan's obligations to discharge her pre-war indebtedness in full.
4. Except as otherwise expressly provided in the present treaty, nothing therein shall be construed as impairing debtor-creditor relationships arising out of pre-war contracts concluded either by the Government or by nationals of Japan.
Section VI.-Pre-war Claims
ARTICLE 31
1. The existence of the former state of war shall equally not be regarded as affecting the obligation to consider on their merits any claims for loss or damage to property or personal injury, ill-treatment and death which arose before the existence of the state of war and which may be presented or represented by the Government or nationals of one of the Allied and Associated Powers to the Govern- ment of Japan or, subject to the provisions of Article 27, by the Government of Japan to any of the governments of the Allied and Associated Powers.
2. The provisions of this Article shall not in any way affect the rights of the Allied and Associated Powers under Articles 27 and 28, nor shall the exercise of those rights affect Japan's obligation to meet all pre-war claims in respect of which her liability is established.
Part VII.-General Economic Relations
Section I.-General
ARTICLE 32
Pending the coming into force of treaties of commerce and navigation between individual United Nations and Japan, Japan shall grant the following treatment to each of the United Nations to the extent to which and so long as such United Nation, in fact, grants reciprocity to Japan:
(a) In all that concerns duties and charges on importation or exportation and all regulations pertaining thereto, the United Nations shall be granted
Page 225 Unconditional most favoured nation treatment225 of 587
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